The U.S. hotel industry reported positive results in the three key performance metrics during the week of 14-20 August 2016, according to data from STR.
In year-over-year comparisons, the industry's occupancy was nearly flat (+0.3% to 71.3%). Average daily rate increased 3.2% to US$124.11, and revenue per available room grew 3.6% to US$88.50.
Among the Top 25 Markets, Detroit, Michigan, recorded the only double-digit increase in occupancy (+11.4% to 79.3%) as well as the largest increase in RevPAR (+18.5% to US$80.53). ADR in the market was up 6.4% to US$101.53.
Four additional markets experienced a double-digit RevPAR lift for the week: Norfolk/Virginia Beach, Virginia (+14.1% to US$101.83); Tampa/St. Petersburg, Florida (+14.1% to US$72.25); Nashville, Tennessee (+12.9% to US$103.79); and Los Angeles/Long Beach, California (11.8% to US$174.07).
Los Angeles/Long Beach posted the largest rise in ADR, up 9.8% to US$196.63. Oahu Island, Hawaii (+8.5% to US$244.96), ranked second in year-over-year ADR percentage change.
Houston, Texas, reported the largest decreases across the three metrics. Occupancy fell 15.5% to 57.3%; ADR was down 6.0% to US$98.72; and RevPAR dropped 20.6% to US$56.60.
New Orleans, Louisiana, and Boston, Massachusetts, reported the only other double-digit decreases in the three key metrics. RevPAR in New Orleans declined 12.7% to US$53.97, and RevPAR in Boston fell 11.1% to US$155.28.
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.
Logos, product and company names mentioned are the property of their respective owners.